Arun Sarin gains from Vodafone’s improved performance

Arun Sarin gains from Vodafone’s improved performance

The CEO of Vodafone Arun Sarin saw his pay package improve by around 20% in the last financial year as he managed to achieve some tough targets for the company.

As per market reports, Sarin took in more than £3.2 million which is around a rise of 18 per cent on last year. He also received £2.89 million in shares from a long-term incentive program.

The company just recently came out with their latest quarterly report and they have managed to beat market forecasts. Vodafone further said that their operating profit would be potentially flat in the coming financial year.

Incidentally, Vodafone’s shares have risen 40 per cent in the past 12 months as the company has taken some tough decisions improving their performance in their markets around the world.

Vodafone recently acquired a majority stake in the Indian telecom operator Hutch and aims to become the largest player in the market in the coming years.